In 1983, a year-long newspaper subscription cost $12.75. Today, a year-long newspaper subscription costs $28.50. If the CPI is 193, what is the relation of the actual price of a year-long newspaper subscription to the expected price, to the nearest cent?
a. The actual price is $14.79 higher than the expected price.
b. The actual price is $3.89 higher than the expected price.
c. The actual price is $9.20 lower than the expected price.
d. The actual price is $11.86 lower than the expected price